The Township of Thomasville's General Fund Has the Following Net

question 25

Multiple Choice

The Township of Thomasville's General Fund has the following net resources at year end:
•$66,000 of prepaid insurance
•$375,000 rainy day fund approved by the township governing board with specific conditions for its use
•$2,500 of supplies inventory
•$61,000 state grant for snow removal
•$150,000 contractual obligations for the purchase of equipment
•$200,000 to be used to fund government operations in the future
•Outstanding encumbrance of $80,000 for the purchase of furniture & fixtures
-What would be the total Nonspendable fund balance?

• A) $ 2,500
• B) $ 66,000
• C) $ 68,500
• D) $148,500

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Definitions:

Feedback Loop

A system in which glands regulate each other’s functioning through a series of hormonal messages.

Pituitary Gland

The pituitary gland is a small, pea-sized gland located at the base of the brain, important for controlling growth, metabolism, and the function of other glands in the endocrine system.

Estrogen Production

The process by which the female body produces estrogen, a key hormone responsible for the regulation of the reproductive system and secondary sexual characteristics.

Puberty

A developmental stage in humans and other primates where the body undergoes physical and hormonal changes, leading to sexual maturity.